Book 14 (January 1950 - July 1954) - City of Oxford

i06MINUTE BOOK No. 14, CITY OF OXFORDr"I OEMENT - MERIDIAN~--.---.with the tio'l~e"s of its Electric Revenue Bonds, Series 1946.'." ,..In accort..ancetherewith, the report of M. M. Winkler, Certified Public Accountant, Tupelo,Mississippi, to this Mayor and Board of Aldermen, dated April 4, 1950, ishereby accepted and approved, and a copy thereof is attached hereto and made apart hdreof as if copied herein in ;'lOrdS and figures.3. !he aforesaid bonds shall be offered for sale on sealed bidsto be filed with the City Clerk at or prior to the hour of 7:30 o1clock,Ea..l1 .... _..;...... , 6!!Tuesda~T ___ . _______ , the, __ LltL ___ day of Julv _,1950, and as required by Chapter 325, Mississippi Laws of 1946, being Miss.Code of 1942, Section 4357-01, the City Clerk shall be and he is herebyeuthorized and directed to give notice of the sale of said bonds by publicationat least two times in the ~2rd Eagl~,a newspaper published in the Ciry ofOxford, Mississippi, the first publication to be made at least ten days preceedingthe date fixed for the reception of bids, and such notice shall bein substantially the follmTing form:NOTICE OF BOND SALE$75,000.00 ELEG'nnC PLANT REVENUE BONDS, SERIES1950, OF THE CITY OF OXFORD~ MI:SSISSIPPISealed proposals will be received ty the Mayor andBbard of Aldermen of the e'ity of Oxford, Mississippi, at the,City Hall in said City, until the hour of 7:30 o'Clock P. M.,on Tuesday, the 11th day of July, 1950, at which time saidbids will be opened publicly for the purchase, at not lessthan par and accrued interest, of $75,000.00 Electric PlantRevenue Bonds, Series 1950, of said City.Said bonds are to bear date of July 15 th, 1950, areto be of the denomination of One Thousand Dollars each, andsaid bonds shall bear interest at a rate or rates to be determinedpursuant to sale of said bonds,payable semiannually onJuly 15th and .January 15th in each year. Both principal of andinterest on said bonds will be payable at a place to be designatedb:v the purchaser, subject to approval by the Mayor andBoard of Aldermen, and said bonds shall mature as follO'W's:Saidbonds shall mature serially in each of the years as follows:$5,000.00 on July 15th of each of the years of 1951through 1965.The right is reserved to call in, pay and redeem bondsmaturing in the years of 1961 through 1965, on July 15, 1961, oron any interest dAte thereafter at par and accrued interest andin inverse numerical order.lSaid Electric Plant Revenue Bonds, Series 1950, shall bepayable solely and exclusively from the revenues of the electric